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We do not know that. All we know is that a Binance employee knew about a $600 transaction, and made a general statement about the behavior of groups like this.
by darawk 4y ago
We do not know that. All we know is that a Binance employee knew about a $600 transaction, and made a general statement about the behavior of groups like this. We know nothing beyond that.
- JumpCrisscross 4y ago> a Binance employee knew about a $600 transaction Said employee being the then chief compliance officer. Your broad point is correct: Binance is not being dinged by the CFTC for money laundering or terrorist financing. But the allegations they hung out are far from trivial. (The core charge is also nontrivial, but for technical reasons.)
- darawk 4y agoIf the core charge is that Binance allowed some of the most sophisticated firms in the world to trade on it derivatives exchange without oversight from US regulators, we're just going to have to agree to disagree about that being trivial.
- pas 4y agolook, a 200billion bank of so savvy guys just collapsed, maybe regulators making sure they have visibility is important in itself
- mattmaroon 4y agoIt does not say that there actually was a $600 Hamas transaction at all, you just invented that in your head. It just said that one couldn’t purchase an AK with one. It was a hypothetical example of a small sum because he was saying that’s how terrorists do it to avoid notice.